TV Fam:
I have been on NANO since 2017 - which was an exciting time for all of Crypto....10 cents to $37 was jaw-dropping to witness.
This bull market however has been very odd in my opinion with regard to NANO's price action.
As you see below, I like to use Fib Channels to define where my risk levels are. In terms of technicals, it is pretty "Target Mom" basic.
However, Fib channels do keep me in line with regard to tops and bottoms and I am almost convinced that NANO is now a pump and dump coin (not even a momentum play) due to the fact that its net pricing effects are not substantial over the duration of a rally period. If you look at most top 100 coins, the gains, even after a slight correction maintain valuation.
The first few rallies for NANO saw 4-8 days of solid positive price action except for the most recent two rallies and have stayed below the 50% fib levels.
I have been on NANO since 2017 - which was an exciting time for all of Crypto....10 cents to $37 was jaw-dropping to witness.
This bull market however has been very odd in my opinion with regard to NANO's price action.
As you see below, I like to use Fib Channels to define where my risk levels are. In terms of technicals, it is pretty "Target Mom" basic.
However, Fib channels do keep me in line with regard to tops and bottoms and I am almost convinced that NANO is now a pump and dump coin (not even a momentum play) due to the fact that its net pricing effects are not substantial over the duration of a rally period. If you look at most top 100 coins, the gains, even after a slight correction maintain valuation.
The first few rallies for NANO saw 4-8 days of solid positive price action except for the most recent two rallies and have stayed below the 50% fib levels.